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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (6066)	10/10/2000 6:21:49 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

It is bad since it admits that management does not know how to gauge the markets, the timing of the first announcement was wrong. It is good since they will wait until market improve. The question is was this an opportunistic issue of shares and debt (hoping to get it out in the $30 to $35), or is the issue because they dearly need the mony. I think that they need some money to "buy in" some future production, and if the market does not improve, and they cannot raise that money on good terms (they consider $20 share bad terms, I don't), then they may be squeezed for funds later on. Zeev